YOUNG_RAIL_PROFESSIONALS_ - Accounts

YOUNG RAIL PROFESSIONALS LIMITED - Company Information

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Company Registration No. 08963662 (England and Wales)

YOUNG RAIL PROFESSIONALS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

SOMERBYS LIMITED

CHARTERED ACCOUNTANTS

30 NELSON STREET

LEICESTER

LE1 7BA

YOUNG RAIL PROFESSIONALS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

YOUNG RAIL PROFESSIONALS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

Notes

Current assets

Debtors

21,441

Cash at bank and in hand

19,718

41,159

Creditors: amounts falling due within one year

(14,780)

Total assets less current liabilities

26,379

Capital and reserves

Profit and loss account

26,379

Shareholders' funds

26,379

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 18 December 2015

Mr C M Blackburn

Director

Company Registration No. 08963662

YOUNG RAIL PROFESSIONALS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Corporation Tax

The company is primarily a members' club and run for the benefit of the members. Accordingly, any profits arising from normal members activities are exempt from Corporation Tax.

Corporation Tax will be liable on interest received, other investment income or Capital Gains that it may generate.